After opening yesterday, it fell sharply. Although it rebounded briefly to 3387 after hitting the lowest point of 3316, it eventually fell to 3260 during the US trading session, with a cumulative decline of nearly 240 US dollars from the high point, and stabilized at the bottom in the late trading. Gold opened near 3315 this morning. Gold is in the repair and consolidation stage as a whole. The upper resistance is concentrated in the 3340-3350 area. If it can break through and stand firm at this position, it is expected to further test 3380-3390, or even stand firm above 3400 again, when the bulls may make a comeback. The lower support is at 3255-3245, which is the key defensive position of this round of market. It is recommended to do more on the callback and short on the rebound.
Operation strategy 1: It is recommended to go short on the rebound of 3318-3325, stop loss 3333, and the target is 3280-3270.
Operation strategy 2: It is recommended to buy on the pullback to 3260-3255, with a stop loss at 3244, and the target is 3300-3350.